you might want to pay tax when you convert it into real-world physical money, but as long as it stays online-only i don't see any reason to pay anything in taxes
Of course, I can only speak for Germany because I do not know the tax laws of the other countries. But in Germany you have to pay taxes for everything that you earn. In the case of steemit you earn crypto SBD/STEEM by writing or curating posts. The steemit earnings have to be evaluated using the daily exchange rate to FROM SBD/STEEM to EUR and this EUR value increases your yearly income...
Just like in almost every other country? Of course your Steemit earnings have to be taxed :)
you might want to pay tax when you convert it into real-world physical money, but as long as it stays online-only i don't see any reason to pay anything in taxes
Of course, I can only speak for Germany because I do not know the tax laws of the other countries. But in Germany you have to pay taxes for everything that you earn. In the case of steemit you earn crypto SBD/STEEM by writing or curating posts. The steemit earnings have to be evaluated using the daily exchange rate to FROM SBD/STEEM to EUR and this EUR value increases your yearly income...
Yes of course. The steemit rewards are earnings and you have to pay tax for it.
Not nice but law ;-)